US says 'framework' for TikTok ownership deal agreed with China
Summary
The US and China have agreed on a "framework" for a deal about the ownership of TikTok's US operations. This framework was established during trade talks in Madrid, and leaders from both countries are set to finalize the deal soon.Key Facts
- The US treasury secretary announced a "framework" deal with China regarding TikTok.
- The discussions took place in Madrid as part of trade talks.
- US President Donald Trump and Chinese President Xi Jinping are involved in finalizing the deal.
- A deadline is approaching for TikTok's Chinese owner to sell its US operations or face a ban.
- The deal involves TikTok, a popular social media app.
- China has not yet commented on the deal.
- Talks aim to determine the future US ownership of TikTok's American operations.
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